Series: IMF Working Papers
Author(s): Yishay Yafeh , Kenichi Ueda , and Stijn Claessens
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2010
Keywords: Financial Friction, institution, creditor rights, measurement errors, correlation, equation, financial markets, standard deviation, Corporate Finance and Governance: General, Economic Growth and Aggregate Productivity: General,
Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two...